News

  • Keppel and EMA to pilot floating energy storage system October 26, 2020
    Singapore’s Energy Market Authority (EMA) and Keppel Offshore & Marine (Keppel O&M) have been jointly awarded a research grant to pilot Singapore’s first floating energy storage system (ESS). The collaboration is part of an earlier announced $10m partnership between the two entities to develop innovative energy solutions in the marine sector. The project was awarded to a […]
  • UK special forces storm Navios tanker after suspected hijacking October 26, 2020
    UK special forces arrested seven stowaways onboard 2011-built 75,000 dwt LR tanker near the Isle of Wight for suspected hijacking activities. According to UK’s defence ministry, the special forces boarded the vessel after receiving a distress signal from the vessel, after an incident which saw all 22 crew members escape to the ship’s citadel. The seven stowaways are […]
  • Eastern Pacific secures VLEC charter deal with Zhejiang Satellite Petrochemical October 26, 2020
    Singapore-based owner Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cubic meter VLECs for China-based Zhejiang Satellite Petrochemical. The vessels will be built at South Korea’s Hyundai Heavy Industries and Samsung Heavy Industries, and will be chartered to Zhejiang Satellite Petrochemical for 15 years upon delivery in the first half […]
  • Marshal Shipping linked to second ADS VLCC buy October 25, 2020
    United Arab Emirates-based Marshal Shipping has been named by brokers as the buyer of ADS Crude Carriers’ last VLCC, the 2002-built VLCC . Oslo-listed ADS announced the sale of the vessel last week for $25.5m, the same price as it sold another 2002-built VLCC, ADS Serenade, to Marshal Shipping earlier this month. The Japanese-built vessel […]
  • Falcon Maritime joins Dania and Clipper in bulker management partnership October 25, 2020
    Falcon Maritime Group has joined V.Group’s Dania Ship Management in a new partnership agreement with Dania Ship Management Bulk. Dania Ship Management Bulk was formed in 2017 by Dania and Clipper Group, and the addition of Falcon will add two handysize bulkers to the Copenhagen-based outfit. Mikkjal Poulsen, managing director of Dania Ship Management Bulk, […]
  • Nicholas Georgiou appointed new CEO of Lomar October 25, 2020
    The Libra Group has appointed Nicholas Georgiou as the new chief executive officer of its ship owning and management business Lomar. Georgiou step up from the position of chief operating officer, succeeding Achim Boehme who died from cancer in July at the age of 56. George Logothetis, chairman and CEO of the Libra Group, commented: […]
  • FSRU Toscana to become LNG bunkering station off the coast of Italy October 25, 2020
    The Italian Ministry of Economic Development in agreement with the Transport Ministry has issued the decree authorising OLT Offshore LNG Toscana, the company controlled by SNAM and First Sentier Investors that manages the FSRU Toscana terminal off the Tuscan coast between Livorno and Pisa, to provide the discharge of liquefied natural gas to small scale […]
  • IMO member states agree to unambitious green targets October 24, 2020
    The International Maritime Organization (IMO) agreed on Friday after a week-long online meeting to make an existing target legally binding: to reduce the carbon intensity of shipping by 40% compared with 2008 levels in the next 10 years. Member states were very divided with a sizeable minority fighting hard for more stringent targets. The impact […]
Courtesy Asia Shipping Media Pte Ltd in Singapore - Splash 247